PWR · News · 20260804N

Revenue Performance and Mix

QUANTA SERVICES, INC. · 2026-08-04 · Importance 70 · Surprise 56

Quanta Services reported second-quarter 2026 revenue of $9.56 billion, exceeding analyst estimates. Revenue increased 41.1% year over year, supported by record backlog in grid, energy, and data-center infrastructure projects. Adjusted EPS was $4.24, also above consensus estimates. The company cited broad-based strength across infrastructure and power-generation markets, including demand related to AI infrastructure.

Key facts

• Chelsea Counsel Co. reduced its stake in Quanta by 12.7% in Q1, with Quanta representing 3.7% of Chelsea Counsel's portfolio. source
• Q2 adjusted EPS: $4.24 and Q2 revenue: $9.56 billion. source
• Bernstein increased its price target for Quanta to $748 from $725 while retaining a Market Perform rating. source
• Quanta Services stock rose 1.88% to $693.00 on Tuesday, marking the stock's fourth consecutive day of increases. source
• A DCF analysis estimated intrinsic value between $419.06 (earnings-based) and $491.63 (FCF-based) versus a current price of $680.20 in one report. source